U.S. stocks finished Friday’s session in negative territory, with losses across the Telecoms, Consumer Services, and Consumer Goods sectors dragging major indexes downward.
The Dow Jones Industrial Average dropped 1.24% by the closing bell, while the S&P 500 index declined 0.52% and the NASDAQ Composite index fell a more modest 0.21%.
Chevron Corp (NYSE: CVX) was the strongest performer on the Dow, rising 2.88%, or 6.53 points, to close at 233.21.
Cisco Systems Inc (NASDAQ: CSCO) also finished in positive territory, adding 1.53%, or 1.61 points, to end the session at 106.50.
Honeywell International Inc (NASDAQ: HON) rounded out the Dow’s top performers, gaining 1.30%, or 2.84 points, to settle at 221.15.
On the downside, American Express Company (NYSE: AXP) was the worst-performing Dow component, falling 3.68%, or 11.95 points, to close at 313.22.
Procter & Gamble Company (NYSE: PG) and Coca-Cola Co (NYSE: KO) also weighed heavily on the index, declining 2.76% each to end at 161.02 and 92.71 respectively.
Among S&P 500 components, LKQ Corporation (NASDAQ: LKQ) suffered the steepest losses, tumbling 22.47% to 17.42, followed by Globe Life Inc (NYSE: GL), which shed 8.09% to settle at 154.79.
AT&T Inc (NYSE: T) also featured among the S&P 500’s worst performers, falling 7.96% to close at 20.93 on what was a broadly difficult session for telecoms stocks.
On the NASDAQ Composite, Aardvark Therapeutics Inc (NASDAQ: AARD) plunged 64.81% to 1.39, while SHF Holdings Inc (NASDAQ: SHFS) cratered 61.39% to settle at just 0.13.
Stardust Power Inc (OTC: SDST) also posted a dramatic decline, falling 52.00% to close at 0.01, making it one of the session’s most punishing movers on the composite index.
Market breadth reflected the broadly bearish tone of the session, with falling stocks outnumbering advancers by 1,735 to 961 on the NYSE, while 102 issues ended unchanged.
On the Nasdaq Stock Exchange, declining stocks also dominated, with 2,023 issues falling against 1,345 that advanced, and 193 ending the session flat.
The CBOE Volatility Index, a widely watched measure of implied volatility in S&P 500 options, rose 2.21% to close at 19.45, signaling a modest uptick in market uncertainty heading into the weekend.